Google Will Rise As Project Glass Develops

Human-like robots, three-dimensional image projection, microscopic HD cameras – we’ve seen hundreds of imaginative gadgets in the movies that we wouldn’t expect to see in high street stores in the near future. But it seems the distant and beyond time of futuristic gizmos may be on the horizon, as technology giant Google (GOOG) releases its latest computer gadget for public testing. Project Glass, the name that has been given to the device development, is our first glimpse into the next techno era. It involves the production of a pair of digital glasses that are designed to provide the functionality of a Smartphone without the need to lug round a device in your pocket.

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U.S. Stocks Climb on Positive Housing Data!

If you are looking for some perfect openings, then today is the day for them. The European Union summit will drive a lot of market volatility. Also, the U.S. Unemployment Claims data will set the pace for the behavior of U.S. stocks later. The trade of the day is opening daily Call options for the EUR/USD forex forex.

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Economic Events Reminder -27/06/2012

07:00 CHF KOF Leading Indicators

Forecast: 1.25                 Previous: 1.16

The KOF Leading Indicators Index is designed to predict the direction of the economy over the following six months. The index is a composite reading of 12 economic indicators related to banking confidence, production, new orders, consumer confidence and housing. A higher than expected reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF.

12:00 EUR German CPI (YoY)

Forecast: 1.7%                Previous: 1.7%

The German Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

12:00 EUR German CPI (MoM)

Forecast: 0.4%                Previous: -0.1%

The German Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

12:30 USD GDP (QoQ)

Forecast: 1.4%                 Previous: 1.9%

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

13:55 USD Michigan Consumer Sentiment

Forecast: 72.0                 Previous: 72.0

The University of Michigan Consumer Sentiment Index rates the relative level of current and future economic conditions. There are two versions of this data released two weeks apart, preliminary and revised. The preliminary data tends to have a greater impact. The reading is compiled from a survey of around 500 consumers. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.